LegalFix
Sign In

Section 42-64.25-3 Establishment of small business capital access fund.

RI Gen L § 42-64.25-3 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

§ 42-64.25-3. Establishment of small business capital access fund. The small business capital access fund program is hereby created within the Rhode Island commerce corporation. The commerce corporation is authorized, within available appropriations, to provide direct assistance and/or partner with lending organizations to provide funding for loans to small businesses located in Rhode Island. As used in this chapter, a "small business" means a business that is resident in Rhode Island and employs two hundred (200) or fewer persons. The commerce corporation is authorized, from time to time, to establish rules and regulations for the administration of the program.

History of Section. (P.L. 2015, ch. 141, art. 19, § 8.)

Previous Section
Section 42-64.25-2 Statement of intent.
Next Section
Section 42-64.25-4 Qualifications of lending organizations.